Analysis: Bitcoin's recent form is expected to push the price up to $150000, and the current daily RSI shows overbought risk

According to Cointelegraph analysis, the recent rise of Bitcoin conforms to the "bull flag" pattern on the weekly chart, which is a bullish continuation pattern. At present, the target price for this form is predicted to be $150000. Technical indicators also show positive signals, with the weekly RSI rebounding above 65, indicating increased buying pressure. Bitwise research leader Andr é Dragosch warns that sentiment in the Bitcoin market has reached its highest level since November 2024, and this optimism could trigger a short-term correction. At present, the daily RSI shows overbought risk, with the next support level at around $100000. If it falls below this level, it may test the 20 day moving average (EMA) near $97385.